‘Cash for Clunkers’ Gives Auto Industry a Lift

Staff / Truthdig Sep 1, 2009 Those dangerous socialists in our federal government have really done it this time Why, they've engineered a way to give the American auto industry a much-needed boost with their successful "Cash for Clunkers" program . Dig deeper ( 1 Min. Read )

Hold On to Your Clunkers, the Cash Is Coming

Staff / Truthdig Aug 6, 2009 The Senate is finally getting around to approving more money for the wildly successful "cash for clunkers" program, which seems to have saved the auto industry from the forces of recession and bankruptcy. With an additional $2 billion on the way, the administration hopes to transform 500,000 more clunkers into cleaner, smaller, more efficient vehicles. Dig deeper ( 1 Min. Read )

A Lemon of a Bailout

Eugene Robinson / Truthdig Jun 2, 2009 With GM's bankruptcy filing on Monday, we the people have become majority owners of a museum-quality piece of industrial history. Dig deeper ( 3 Min. Read )

Downward Automobility

E.J. Dionne Jr. / Truthdig Feb 19, 2009 It makes sense to prop up ailing carmakers. Allowing GM and Chrysler to go bankrupt could be a triggering event that might make a very bad economy much worse. Dig deeper ( 3 Min. Read )

Auto Task Force … Activate!

Staff / Truthdig Feb 17, 2009 What's to be done about the floundering American automotive industry? Appoint a "car czar," you say? No, this is a job for a whole team of people, such as the newly formed Presidential Task Force on Autos. One small hitch: It'll be headed up by Timothy Geithner and Lawrence Summers. Dig deeper ( 1 Min. Read )

End of a Supersized Era

Staff / Truthdig Dec 24, 2008 Gas prices and fiscal concerns are causing the demise of the American-made sport utility vehicle, a welcome development in the eyes of many fellow drivers but one that also spells the end for thousands of American jobs. Dig deeper ( 1 Min. Read )

Bush Passes Bailout Buck to Obama

Staff / Truthdig Dec 21, 2008 Although President Bush has kicked off the auto industry bailout process before leaving office, some would call Bush's strategy more of a punt to his presidential successor, Barack Obama. Dig deeper ( 1 Min. Read )

To the Bailoutmobile!

Staff / Truthdig Dec 19, 2008 In an avowed effort to save capitalism from itself, President Bush announced Friday that he would throw the Big Three failing auto companies a $17.4 billion lifesaver, siphoning that money from the initial $700 billion bailout slush fund authorized by Congress in October. Dig deeper ( 1 Min. Read )

Bailout to Jump-Start Detroit

Staff / Truthdig Dec 10, 2008 Agreement has been reached between the White House and congressional Democrats to offer the U.S. auto industry a $14 billion emergency package aimed at keeping the Big Three going until spring. Also, in the grand tradition of state socialism, the deal includes a new auto "czar" to oversee the restructuring of Detroit. Dig deeper ( 1 Min. Read )

Poll: Auto Bailout Low on Fuel

Staff / Truthdig Dec 4, 2008 With a bailout of the Big Three hovering over our political landscape, popular opinion has signaled a considerable voice against any federal support for the failing auto industry. A poll shows 61% of Americans oppose a bailout, believing any government assistance would be both unfair and ineffective in fixing the economy. Dig deeper ( 1 Min. Read )

Ford Asks Gov’t for $9 Billion

Staff / Truthdig Dec 3, 2008 After a dismal November, Ford Motor Co. is hanging by a thread, but the automaker told Congress on Tuesday that it is in better shape than Chrysler and General Motors and could make it through its current economic crisis with a little help -- to the tune of $9 billion in standby loans. Dig deeper ( 1 Min. Read )

Bailout or Bust: How to Save the Big Three From Themselves

Titus Levi / Truthdig Nov 20, 2008 There's no guarantee that a bailout would save the incompetently managed American automobile industry. However, doing nothing may be worse, especially for the state of Michigan. Dig deeper ( 6 Min. Read )